Pepsi Bottling ups annual div 60%, increases buyback

CarolynPritchard

SAN FRANCISCO (MarketWatch) -- The Pepsi Bottling Group Inc.
PBG, +16.67%
on Thursday increased its annual dividend 60 percent to 32 cents a share from 20 cents a share. The quarterly dividend of 8 cents a share is payable June 30 to shareholders of record as of June 10. The world's largest manufacturer, seller and distributor of PepsiCo.'s
PEP, -0.31%
beverages also authorized the repurchase of an additional 25 million shares of common stock, bringing the total number of shares authorized for repurchase to 125 million since Pepsi Bottling started its share repurchase programs in October 1999. To date, the Somers, N.Y.-based company said it has bought back 88 million shares.

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